Friday, September 26, 2008

Louis Navellier and SQM

You may remember this spam from Louis Navellier (click image to see it larger).

I received on August 2nd, with a "Battery boom doubler‏" subject.

StockGumshow also talk about this on July 21st. In fact I got another spam about SQM on July 13th promising 50% in a month.

July 13th was Sunday and SQM closed at $41.40 the Friday before (July 11th).

Of course SQM did not gain 50% and, a little less than a month later (Sunday August 2nd), Mr. navellier re-sent a new version of the spam, the one you see on the left. SQM closed on August 1st at $40.07.

Words of Mr. Navellier:

I told you 10 days ago about the lithium battery company that can power Formula One racecars and get the energy equivalent of 100 miles to the gallon.
This time last year, this was a $13 stock. Recently, it hit an all-time high of $54. So that’s a 415% gain!
And between $54 and $150 there’s NOTHING STOPPING IT!
I’m Louis Navellier and if you don't make 50% on this battery stock in the next 30 days you get Global Growth FREE.

  1. I agree on the 415% gain, but Mr. Navellier did not buy SQM at $13.
  2. It seems like there was SOMETHING TO STOP IT at $54.
  3. Needless to say that it did not gain 50% in the following 30 days
  4. SQM is currently trading at around $28...
How many people got Global Growth for free? Free if you don't consider the loss from $40 in July/August to $28 now (-30%).

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